A merchant marks the price of his articles 20% above the cost price. If he allows 20% discount, then what is the profit or loss percentage?

A merchant marks the price of his articles 20% above the cost price. I

1.	A merchant marks the price of his articles 20% above the cost price. If he allows 20% discount, then what is the profit or loss percentage?
A.	2% loss
B.	4% profit
C.	4% loss
D.	No profit/loss
Answer» D. No profit/loss

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A merchant marks the price of his articles 20% above the cost price. If he allows 20% discount, then what is the profit or loss percentage?

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